Posted On: August 15, 2008, 11:17 am CDT

Posted By: Pud

Well Nobody Important I guess I struck a nerve.If yOU DO infact work in H.O.of a company then it's obvious you have loss site of the outside world and have been programmed to think at the level the company wants you to!
I haven't been insulting to you directly nor do I plan on it I am merely commenting on your inadequacies of the real black and white.I agree that they show no profit but this is because the data is being manipulated the reason it's being manipulated is so that people in your or higher level,excuse me,can make large sums of money!
I am not against that but the amounts of money they make is ludicrous and comes out of the bottom line as stock options.If a CEO?CFO dumps all his stock tto take a leap and fly away then all of sudden panic sets in and the share holders follow suit.This is classically what you are seeing now.Maybe not with all companies but definitely with some.Look at the stocks and prove me wrong!This isn't all because of losses.
The other thing is that most companies are insured by reinsurers so IF they get their butts in trouble they can turn around and look to Lloyds or a company like that.Then you have them turning to the federal government for things they should also be covering.
So YOU may need some more schooling on this subject.Don't insult me.I've provided proof on this forum and all you've done is said the companies are enttitled to an increase the companies are entitled to an increase.You sound like a broken record.
The expense ratios data can also be manipulated.Um the word Budget comes to mind again if you are not managing properlt YOU WILL loose money but I don;t want you to tell me you are loosing money and I see the financial officers and exec's taking 6 million dollar bonus' in a years time!That to me is not a company that needs to raise rates.It's a company that needs to reorganize there priorities.The consumer is smarter than they have ever been with insurance companies and why do you think this is? They are sick and tired of paying and paying!